Stephen Garrett Siegel also known as Steve Siegel (born January 26, 1971) is an American entrepreneur and commercial real estate investor. He is the founder and chief executive officer of The Siegel Group Nevada, Inc. He is also the founder and chief executive officer of Amazing Brands, LLC.[1][2]
Early life and career
editSiegel was born on January 26, 1971. He attended and graduated from Emerson Junior High School.[3]
Business ventures
editSiegel expressed his desire to become an entrepreneur at the young age of 15. After moving out of his family home to live on his own in Los Angeles , Siegel supported himself by working at McDonald's . After his time at McDonald's, he met a mentor in the automotive industry where he began buying and selling cars. In 1991, Siegel had invested his savings accumulated from his car venture, partnering with a friend to launch Unique Sounds, a car stereo and alarm store.[4][5]
In 1992, at 21, he started Prestige motors, a one-bay mechanical auto repair shop that evolved into a $2 million auto collision business and used the proceeds for other ventures. After selling Prestige Motors, Siegel utilized the proceeds to acquire a 50% stake in Uncle Howie Products, a struggling business involved in the manufacturing of children's upholstered furniture. In 2000, Siegel acquired McAlister's Collision Center from the verge of bankruptcy.[4][6]
Real estate development
editWhile managing McAlister's Collision Center, Siegel started acquiring commercial real estate properties in 2001. Siegel then launched a property management company that operated out of his body shop to oversee his real estate holdings. In 2006, he founded Siegel Suites, Siegel Group's flagship brand of apartments.[7] In 2014, Siegel founded Siegel Design & Development to oversee construction projects associated with the renovation of his commercial real estate portfolio, as well as ground up construction projects he was undertaking.[8]
Foods and Beverage
editIn 2016, Siegel came across Pinkbox Doughnuts, a donut shop based in Las Vegas.[9] Siegel acquired Pinkbox Doughnuts from its former owner in 2018. Siegel subsequently opened new locations and by 2023, Pinkbox Doughnuts had become a household name in Las Vegas with over 11 locations in Nevada and Utah.[10][11] By 2023, Pinkbox Doughnuts had become a household name in Las Vegas and had developed a cult following across the country.[12] Siegel's initiatives had led to the establishment of 11 locations throughout Nevada and Utah. Staple locations include the Plaza Hotel and Casino, the Las Vegas Raiders' Allegiant Stadium, Primm, NV, Laughlin, NV, and St. George, UT. These expansions were followed by partnerships and collaborations with renowned entities such as Blue Man Group, Live Nation, and the official doughnut partners of the Vegas Golden Knights and Las Vegas Raiders.[13]
In 2018, Siegel acquired Bagelmania, a staple restaurant in Las Vegas, and renamed it Siegel's Bagelmania.[14] The flagship location is a 10,000- square-foot restaurant and delicatessen next door to the newly built Las Vegas Convention Center.[15][16] In 2020, Siegel founded Amazing Brands a collection of food and beverage concepts portfolio.
Personal life
editStephen Siegel is married to Judi Siegel, and they have two children.[17]
Philanthropy
editIn 2009, Steve founded Siegel Cares to streamline and enhance his dedication to investing and supporting neighborhoods and communities.[18]
References
edit- ^ Modi, Priyanka; Staff, T. R. D. (2024-02-22). "Siegel Group buys four retail properties in Las Vegas for $11M". The Real Deal. Retrieved 2024-06-23.
- ^ "Stephen Siegel's Success Story: From Volkswagen to Vegas Empire | Converseer". converseer.com. 2024-05-09. Retrieved 2024-06-27.
- ^ Porambo, Angie (2007-09-02). "How I Did It: Stephen Siegel, CEO of the Siegel Group". The Siegel Group - Las Vegas, NV. Retrieved 2024-06-28.
- ^ a b "Siegel Group Inc". Los Angeles Business Journal. 2007-11-18. Retrieved 2024-06-23.
- ^ Guestblogger (2024-05-23). "Stephen Siegel's Success Story: From Volkswagen to Vegas Empire". Retrieved 2024-06-27.
- ^ "Stephen Siegel's Success Story: From Volkswagen to Vegas Empire". THE PARROT. Retrieved 2024-06-27.
- ^ "Any Connection between Siegel Suites and Bugsy Siegel?". Las Vegas Advisor. Retrieved 2024-06-23.
- ^ "Stephen Siegel - Las Vegas Sun News". lasvegassun.com. Retrieved 2024-06-23.
- ^ "GALLERY: Pinkbox Pahrump grand opening". Pahrump Valley Times. 2024-05-21. Retrieved 2024-06-23.
- ^ "Pinkbox Doughnuts to open in Boulder City, Nevada | Bake Magazine". www.bakemag.com. Retrieved 2024-06-23.
- ^ "Pinkbox Doughnuts Opening Location In Boulder City In 2024". 963kklz.com. 2024-04-09. Retrieved 2024-06-23.
- ^ "How a doughnut brand is raising dough through multiple sales channels". Restaurant Business. Retrieved 2024-06-22.
- ^ "The Siegel Group's building buy is its latest attempt to 'take over' Las Vegas - Las Vegas Weekly". lasvegasweekly.com. 2011-01-17. Retrieved 2024-06-23.
- ^ "Venerable deli gets new life in spot near convention center". Las Vegas Review-Journal. 2021-05-25. Retrieved 2024-06-22.
- ^ "Siegel's Bagelmania goes big with its new Las Vegas Strip-adjacent location - Las Vegas Weekly". lasvegasweekly.com. 2021-09-30. Retrieved 2024-06-23.
- ^ "Siegel's Bagelmania goes big with its new Las Vegas Strip-adjacent location - Las Vegas Weekly". lasvegasweekly.com. 2021-09-30. Retrieved 2024-06-23.
- ^ Wargo, Buck (2010-10-22). "Q&A: Stephen Siegel". Las Vegas Sun. Retrieved 2024-06-28.
- ^ "I-Team: Siegel Group singled out for tenant abuses in eviction report on corporate landlords". KLAS. 2022-07-28. Retrieved 2024-06-28.